India Grid Energy Storage Solutions Market Size & Report 2033

India Grid Energy Storage Solutions Market Size, Share, Trends and Forecast by Technology, Application, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30236

Buy Now Discount
Offer

India Grid Energy Storage Solutions Market Overview:

The India grid energy storage solutions market size reached USD 0.09 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 0.25 Billion by 2033, exhibiting a growth rate (CAGR) of 11.81% during 2025-2033. The rising renewable energy adoption, government initiatives, increasing investments, advancements in battery technologies, pumped storage projects, grid modernization, policy mandates for energy storage in solar and wind projects, growing demand for stability, foreign collaborations, and the push for a sustainable energy transition are driving the India grid energy storage market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 0.09 Billion
Market Forecast in 2033	USD 0.25 Billion
Market Growth Rate 2025-2033	11.81%

India Grid Energy Storage Solutions Market Trends:

Rising Adoption of Battery Energy Storage Systems (BESS)

India’s grid energy storage market growth is driven by a significant shift towards Battery Energy Storage Systems (BESS) due to increasing renewable energy integration. For instance, according to a report published on February 28, 2025, Kilokri, South Delhi, will host India's first commercial utility-scale battery energy storage system (BESS) when it goes online in March 2025. Developed in partnership with Reliance Group and the Delhi government, this INR 120 Crore (nearly USD 14 Million) initiative intends to promote the integration of renewable energy sources and improve grid stability. Ten megawatt-hours of storage capacity will be made available by the BESS, allowing for effective energy management and a steady supply of electricity in the area. With government initiatives like the National Energy Storage Mission, lithium-ion and advanced battery technologies are gaining traction, which in turn is expanding India Grid energy storage market share. The declining costs of battery storage, along with regulatory support, are driving investments in large-scale energy storage projects. Companies are collaborating to develop giga-scale manufacturing units to meet the rising demand. BESS is crucial for stabilizing the grid, reducing peak load stress, and ensuring uninterrupted power supply, positioning it as a key driver of India’s energy transition.

Expansion of Pumped Hydro Storage Projects

Pumped hydro storage is emerging as a crucial component of India’s energy storage landscape due to its long-duration storage capability and cost-effectiveness. For instance, a non-binding agreement was signed on February 23, 2025, by NTPC Ltd and EDF India to jointly construct, own, operate, and maintain hydropower and pumped storage facilities, including those combined with renewable energy sources. These projects will be carried out by the proposed 50:50 joint venture firm (JVC) in India and its adjacent countries, with the possibility of establishing more JVs or subsidiaries as required. In order to support regional energy stability and sustainability, this partnership seeks to improve energy storage options and investigate distribution-related potential. Government policies promoting renewable energy have encouraged investments in hydro-based storage infrastructure. States like Maharashtra and Andhra Pradesh are leading in pumped hydro developments. The technology’s ability to store excess renewable energy and ensure grid stability makes it a preferred choice, thereby positively impacting the India grid energy storage market outlook. With increasing grid fluctuations from solar and wind power, pumped hydro projects are expected to expand significantly, helping India achieve its renewable energy targets while maintaining a reliable power supply.

India Grid Energy Storage Solutions Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on technology, application, and end user.

Technology Insights:

Pumped Hydro
Electrochemical Storage
Electromechanical Storage
Thermal Storage

The report has provided a detailed breakup and analysis of the market based on the technology. This includes pumped hydro, electrochemical storage, electromechanical storage, and thermal storage.

Application Insights:

Stationary
Transportation

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes stationary and transportation.

End User Insights:

Residential
Non-Residential
Utilities

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes residential, non-residential, and utilities.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Grid Energy Storage Solutions Market News:

On November 13, 2024, India Grid Trust (IndiGrid) announced the launch of EnerGrid, a platform created in collaboration with British International Investment (BII) and the Norwegian Climate Investment Fund during COP29 in Baku, Azerbaijan. EnerGrid can now pursue projects worth up to USD1.2 Billion in greenfield transmission and standalone battery energy storage systems throughout India thanks to the approximately USD 100 Million commitments made by each partner, for a total of USD 300 Million. By improving grid infrastructure and storage capacity, this project seeks to assist India in achieving its renewable energy targets.

India Grid Energy Storage Solutions Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Technology Application End User Region
Technologies Covered	Pumped Hydro, Electrochemical Storage, Electromechanical Storage, Thermal Storage
Applications Covered	Stationary, Transportation
End Users Covered	Residential, Non-Residential, Utilities
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India grid energy storage solutions market performed so far and how will it perform in the coming years?
What is the breakup of the India grid energy storage solutions market on the basis of technology?
What is the breakup of the India grid energy storage solutions market on the basis of application?
What is the breakup of the India grid energy storage solutions market on the basis of end user?
What is the breakup of the India grid energy storage solutions market on the basis of region?
What are the various stages in the value chain of the India grid energy storage solutions market?
What are the key driving factors and challenges in the India grid energy storage solutions?
What is the structure of the India grid energy storage solutions market and who are the key players?
What is the degree of competition in the India grid energy storage solutions market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India grid energy storage solutions market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India grid energy storage solutions market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India grid energy storage solutions industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options Discount
Offer

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.